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Posts Tagged ‘BMW sales’

Luxury Brands Cruise to Strong Sales in June

SUVs, crossovers push makers to big results.

by on Jul.01, 2015

BMW's SAVs posted a 75.3% increase in June offsetting a 12.9% drop in car sales.

Improvements in consumer sentiment, low interest rates and the steady growth in the sales of truck and utility vehicles, including those sold by luxury brands, helped set the torrid pace for sales in June, which boosted the seasonally adjusted annual rate of sales or SAAR past 17 million units.

Luxury brands performed well last month, led by BMW reporting a 6.5% increase, including a 75.3% increase in sales in utility vehicles that helped offset a 12.9% drop in sales of BMW’s vaunted passenger cars.

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The same pattern prevailed at Mercedes-Benz, which posted record sales in the first half of the year after a 5.8% increase in June with strong sales of the C- and E-Class models. As a whole, first-half sales of Mercedes-Benz passenger cars totaled 101,212, increasing 3.5% from the same period in 2014. (more…)

BMW Rides US, European Sales to Strong First Quarter

German maker says it will be top luxury dog again in 2015.

by on May.06, 2015

BMW's X5 utility vehicle helped the brand to a 12.6% sales increase in the U.S. in the first quarter.

Like many automakers in the U.S., BMW enjoyed strong SUV sales in the first quarter and rode them to 12.6% sales increase here and to a 4% jump in global net profits, the automaker said.

The German carmaker said its revenue for the quarter jumped 14.7% to $23.6 billion, or 20.9 billion euros. Its net profits rose to $1.7 billion, or 1.52 billion euros, during the period.

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BMW not only generated profit, but its EBIT margin in the Automotive segment was 9.5%, which at the top end of its forecasted range of between 8 and (more…)

Foreign Automakers Enjoy Strong April Sales

Honda, Kia, VW buck rising sales trend.

by on May.01, 2015

Carmakers from around the world finished April with strong sales in the United States.

The 2016 Mazda6 helped the Japanese automaker to a 7.5% sales jump last month.

Mazda reported its best sales in 20 years, while Subaru, Jaguar Land Rover, BMW, Mercedes-Benz, Mitsubishi and Maserati all chalked up double-digit gains. However, it wasn’t sunshine and roses for every automaker as Honda, Kia and Volkswagen, reported sales declines and Volvo remained flat.

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“It is often said at Mazda that this business isn’t a sprint, but a marathon, and our sixth-generation vehicles prove that a steady pace will establish growth and build our brand,” said Ron Stettner, vice president of sales, MNAO. “Sixth-generation vehicle sales combine to be up 14% year-over-year and we continue to focus on the quality of our sales.” Overall, Mazda’s April sales were up 7.5%. (more…)

Porsche Sales Push German Makers to Record Highs

German luxury makers enjoying impressive sales results in 2014.

by on Dec.11, 2014

The new GT3 is the most powerful naturally-aspirated 911 Porsche has ever produced.

Porsche AG confirmed that 2014 has been a banner year for the makers of high-priced German automobiles: sales for Porsche as well as luxury German makers are at or near all-time highs.

With 2014 nearly complete, Porsche is moving along in high gear as it cruises to record worldwide sales again this year. During November alone, Porsche delivered 17,700 vehicles – an increase of 25% over the same month last year, according to the German automaker.

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“This strong November is evidence that our strategy is working extremely well,” said Bernhard Maier, Member of the Executive Board – Sales and Marketing, Porsche AG. “It also confirms our commitment to taking advantage of every opportunity presented in the global markets,” he said. (more…)

BMW’s 3Q Profit Slides 1.2 Percent

Vehicle sales strong, other factors cause slippage.

by on Nov.04, 2014

BMW's 2014 X5 continues to set the pace for luxury SUVs and brought in big profits to the maker in the third quarter.

BMW AG’s profits fell slightly in the in the third quarter despite strong sales of its vehicles, particularly its X5 sport-utility vehicle made in South Carolina. The company sold 509,669 cars worldwide, an increase of 5.8%.

The Bavarian automaker’s net profit dropped 1.2% in the quarter due to non-cash losses on foreign currency hedges and the reduced value of a stake in a key supplier. The company is saying it expects to be more profitable this year than it was last year.

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Net profit of 1.31 billion euros ($1.64 billion) for the third quarter ending Sept. 30 fell short of analyst expectations for 1.36 billion euros, reported by the Associated Press. (more…)

Blistering August Sales Swell Luxury Vehicle Numbers

Frenzied month may mean slower September

by on Sep.03, 2014

Lexus captured the August luxury car sales crown. It's the second month in a row the Japanese brand has done so.

Luxury car sales remained brisk during August as Mercedes-Benz, BMW and Lexus as well as Audi all posted healthy sales increases last month in what has become an increasingly contest sales.

As it did in July, Lexus bested its German rivals for luxury sales leadership by selling 32,809 cars and utility vehicles. Lexus sales increased 10.1%.

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“It was a great market from top to bottom in August,” said Jeff Bracken, Lexus group vice president and general manager. “Lexus had its second straight record-setting month as both passenger cars and luxury utility vehicles posted solid gains.” (more…)

BMW Earnings Beat Forecast

Maker anticipates big jump in sales and earnings for full year.

by on Aug.05, 2014

BMW is counting on a wave of new products, such as this M4 Convertible, to help bolster sales and earnings for the rest of 2014.

BMW’s net earnings jumped more than 27% during the second quarter, and the German maker confirmed its earlier forecast of a big jump in sales and profits for all of 2014.

The largest of the luxury car manufacturers, BMW earned 1.77 billion Euros for the April-June period, or $2.38 billion, up from 1.39 billion Euros a year ago. The automaker sold 5.3% more vehicles through its BMW, Rolls-Royce and Mini brands, a total of 533,187 cars and crossovers.

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But revenues didn’t quite keep pace, climbing a more modest 1.8%, to 19.9 billion Euros. The strong Euro didn’t help. And BMW has been ramping up spending in a market that is demanding more high-tech features, and solutions to demands for better fuel economy and lower emissions, it said. (more…)

BMW Buckling Down, Looks to Cut $5.5 Billion

German maker wants to keep margins between 8% and 10%.

by on Jun.19, 2014

BMW CEO Norbert Reithofer says he wants to cut as much as $5.4 billion in costs between now and 2020.

Rising costs and the subsequent squeeze on profit margins has BMW CEO Norbert Reithofer declaring war on costs: a nearly $5.5 billion war.

The Bavarian Motors boss wants to cut between $4 billion and $5.4 billion in costs to keep the German maker’s profit margins between 8% and 10% in the coming years. In 2013, BMW reported a margin of 9.4%.

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One area of bloat is the Mini brand as well as the development of the 1-Series, which should see costs come down some as it’s in production now, according to multiple media reports. BMW said in a released statement would seek to lower annual expenses “by several hundred million euros a year.” (more…)

U.S. Auto Sales Heating Up with the Weather

New models and trucks help automakers to strong April.

by on May.01, 2014

The Audi A3 helped the German maker to a 19% sales increase in April.

New models demonstrated their value to automakers in April as the latest cars and trucks launched over the past several months combined with a break in the frigid weather pulled buyers into showrooms, helping keep the annual sales rate at more than 16 million units for the second consecutive month.

Audi, Toyota, Subaru, Mercedes-Benz, Chrysler, Jaguar Land Rover and Kia Hyundai posted double digit sales increase in January thanks in part of the launch of new or replacement models. General Motors, which was deluged with bad news, also benefitted from the strong sales of its latest models. Luxury vehicles also enjoyed a strong April, with Audi among those reaping the rewards with a 19% increase.

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“The launch of the all-new A3 Sedan gives Audi an even broader product portfolio and the opportunity to reach more luxury buyers in the premium compact segment,” said Mark Del Rosso, executive vice president of Audi of America. “In its first month of retail sales, the Audi A3 was a top seller in April, with over 2,000 vehicles sold.” (more…)

Audi Takes Global Luxury Sales Lead

But BMW isn’t ready to concede defeat.

by on Mar.11, 2014

The redesigned Audi TT makes its Geneva debut.

Two months does not a year make, but in a significant breakthrough Audi AG is claiming to hold the lead in the hotly contested global luxury car maket.

The largest of the luxury brands of Volkswagen AG, Audi has been gaining ground on traditional rivals BMW and Mercedes-Benz in recent years, and is hoping to solidify its first-place position with a flood of new products planned for the coming year, an assortment of which were previewed at the Geneva Motor Show last week.

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For the first two months of 2014, Audi delivered 242,000 vehicles, giving it a modest 383-unit lead over BMW.  It fell 429 cars short of its Bavarian rival during the same period last year.

And Audi intends to widen the lead, Chief Executive Officer Rupert Stadler said Tuesday at the brand’s headquarters in Ingolstadt, Germany, promising that, “We will increase deliveries in all regions of the world, including Europe.”

But Audi’s rivals aren’t ready to concede defeat.

(more…)